Free Trial
NYSE:MYE

Myers Industries (MYE) Stock Price, News & Analysis

Myers Industries logo
$12.85 -0.26 (-2.01%)
Closing price 03:59 PM Eastern
Extended Trading
$12.71 -0.14 (-1.05%)
As of 05:05 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

About Myers Industries Stock (NYSE:MYE)

Key Stats

Today's Range
$12.55
$13.20
50-Day Range
$9.70
$13.14
52-Week Range
$9.32
$23.63
Volume
323,684 shs
Average Volume
341,298 shs
Market Capitalization
$478.64 million
P/E Ratio
30.59
Dividend Yield
4.20%
Price Target
$22.00
Consensus Rating
Hold

Company Overview

Myers Industries, Inc. engages in distribution of tire service supplies in Ohio. It operates through two segments, The Material Handling and Distribution. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, and OEM parts, as well as storage and organization, and custom plastic products; and injection molded, rotationally molded or blow molded products, consumer fuel containers and tanks for water, fuel, and waste handling. It serves industrial manufacturing, food processing, retail/wholesale products distribution, agriculture, automotive, recreational and marine vehicles, healthcare, appliance, bakery, electronics, textiles, consumer markets, and other markets under Akro-Mils, Jamco, Buckhorn, Ameri-Kart, Scepter, Elkhart Plastics, Trilogy Plastics, and Signature Systems brands directly to end-users, as well as through distributors. The Distribution segment engages in the distribution of tools, equipment, and supplies for tire, wheel, and under-vehicle service on passenger, heavy truck, and off-road vehicles; and manufacture and sale of tire repair materials and custom rubber products, as well as reflective highway marking tapes under the Myers Tire Supply, Myers Tire Supply International, Tuffy Manufacturing, Mohawk Rubber Sales, Patch Rubber Company, Elrick, Fleetline, MTS, Seymoure, Advance Traffic Markings, and MXP brands. This segment serves retail and truck tire dealers, commercial auto and truck fleets, auto dealers, general service and repair centers, tire re-treaders, truck stop operations, and government agencies. Myers Industries, Inc. was founded in 1933 and is headquartered in Akron, Ohio.

Remove Ads

Myers Industries Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
68th Percentile Overall Score

MYE MarketRank™: 

Myers Industries scored higher than 68% of companies evaluated by MarketBeat, and ranked 73rd out of 176 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Myers Industries has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Myers Industries has received no research coverage in the past 90 days.

  • Read more about Myers Industries' stock forecast and price target.
  • Earnings Growth

    Earnings for Myers Industries are expected to grow by 23.16% in the coming year, from $0.95 to $1.17 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Myers Industries is 30.28, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 23.31.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Myers Industries is 30.28, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 16.43.

  • Price to Book Value per Share Ratio

    Myers Industries has a P/B Ratio of 1.60. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Myers Industries' valuation and earnings.
  • Percentage of Shares Shorted

    2.07% of the float of Myers Industries has been sold short.
  • Short Interest Ratio / Days to Cover

    Myers Industries has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Myers Industries has recently increased by 2.16%, indicating that investor sentiment is decreasing.
  • Dividend Leadership

    Myers Industries is a leading dividend payer. It pays a dividend yield of 4.33%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Myers Industries does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Myers Industries is 284.21%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, Myers Industries will have a dividend payout ratio of 46.15% next year. This indicates that Myers Industries will be able to sustain or increase its dividend.

  • Read more about Myers Industries' dividend.
  • Percentage of Shares Shorted

    2.07% of the float of Myers Industries has been sold short.
  • Short Interest Ratio / Days to Cover

    Myers Industries has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Myers Industries has recently increased by 2.16%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Myers Industries has a news sentiment score of 0.65. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.84 average news sentiment score of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 26 news articles for Myers Industries this week, compared to 4 articles on an average week.
  • Search Interest

    Only 1 people have searched for MYE on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added Myers Industries to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Myers Industries insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 1.40% of the stock of Myers Industries is held by insiders.

  • Percentage Held by Institutions

    90.82% of the stock of Myers Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Myers Industries' insider trading history.
Receive MYE Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Myers Industries and its competitors with MarketBeat's FREE daily newsletter.

MYE Stock News Headlines

Photo of a forklifter in a warehouse
Is Myers Industries Poised for a Breakout? (MYE)
Myers Industries reveals strong earnings and dividend growth alongside a strategic transformation program, signaling a compelling investment narrative.
DOGE’s Next Move: Not what you think
Donald Trump, Elon Musk and the Department of Government Efficiency have kept their word. Moving even faster than most people thought … Clearing out waste and inefficiency in our government.
Q4 2024 Myers Industries Inc Earnings Call
Myers Industries rises 28.3%
See More Headlines

MYE Stock Analysis - Frequently Asked Questions

Myers Industries' stock was trading at $11.04 at the start of the year. Since then, MYE shares have increased by 15.4% and is now trading at $12.7450.
View the best growth stocks for 2025 here
.

Myers Industries, Inc. (NYSE:MYE) issued its earnings results on Thursday, March, 6th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.09. The industrial products company had revenue of $203.88 million for the quarter, compared to the consensus estimate of $203.10 million. Myers Industries had a net margin of 1.88% and a trailing twelve-month return on equity of 14.75%.

Myers Industries' board initiated a share buyback program on Thursday, March 6th 2025, which authorizes the company to buy back $10,000,000 in outstanding shares, according to EventVestor. This means that the company could buy up to 2.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Myers Industries subsidiaries include Elkhart Plastics Inc., Tuffy Manufacturing Industries Inc., Akro-Mils, Ameri-Kart Corp., Ameri-Kart (MI) Corp., Buckhorn Canada, Buckhorn Inc., and others.

Top institutional investors of Myers Industries include Gamco Investors INC. ET AL (9.08%), Vanguard Group Inc. (6.99%), Allspring Global Investments Holdings LLC (5.50%) and Renaissance Technologies LLC (4.26%). Insiders that own company stock include Michael Mcgaugh, Bruce M Lisman, William A Foley, Dave Basque, Frederic Jack Liebau Jr, Yvette Dapremont Bright and Lori A Lutey.
View institutional ownership trends
.

Shares of MYE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Based on aggregate information from My MarketBeat watchlists, some other companies that Myers Industries investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Exxon Mobil (XOM), Broadcom (AVGO) and Netflix (NFLX).

Company Calendar

Ex-Dividend for 1/3 Dividend
12/03/2024
Dividend Payable
1/03/2025
Last Earnings
3/06/2025
Today
3/12/2025
Ex-Dividend for 4/4 Dividend
3/14/2025
Dividend Payable
4/04/2025
Next Earnings (Estimated)
5/06/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Plastics products, not elsewhere classified
Sub-Industry
Metal & Glass Containers
Current Symbol
NYSE:MYE
Employees
2,500
Year Founded
1933

Price Target and Rating

Average Stock Price Target
$22.00
High Stock Price Target
$22.00
Low Stock Price Target
$22.00
Potential Upside/Downside
+71.3%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Trailing P/E Ratio
30.56
Forward P/E Ratio
13.52
P/E Growth
N/A
Net Income
$48.87 million
Pretax Margin
2.90%

Debt

Sales & Book Value

Annual Sales
$836.28 million
Cash Flow
$2.17 per share
Price / Cash Flow
5.91
Book Value
$7.95 per share
Price / Book
1.62

Miscellaneous

Free Float
36,738,000
Market Cap
$478.64 million
Optionable
Optionable
Beta
1.21

Social Links

A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for March 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.

Get This Free Report

This page (NYSE:MYE) was last updated on 3/12/2025 by MarketBeat.com Staff
From Our Partners